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Coslada, Madrid 28821 5 Unit Apartment Building $547,294 ($109,459/Unit)
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INVESTMENT HIGHLIGHTS
- Located with the facade facing the street, providing excellent connectivity and access to the building.
- Proximity to highways M-21 and E-5, with good access to public transportation.
EXECUTIVE SUMMARY
Residential building for sale located in Coslada, ideal for investors. The property sits on an 87 m² plot, with a built area of 250 m² according to the land registry. It currently consists of five independent apartments: two one-bedroom units, two two-bedroom units, and one three-bedroom unit on the first floor, which could be reconfigured into two separate units (one two-bedroom and one one-bedroom), thereby achieving a total of six fully independent apartments.
The apartments feature various layouts, with some ready to rent and others in need of renovation. The building offers access through an iron door, a renovated entrance hall, individual electric meters, independent heating, laminate flooring, and double-glazed windows in some units. With a north-south orientation and a central location close to amenities such as banks, restaurants, schools, hospitals, supermarkets, and public transportation (lines 181 and 182), this property represents an excellent investment opportunity.
The estimated monthly rental income from the currently leased units is approximately €4,000. As the property is under a single owner, there are no community fees. Property tax (IBI) is pending confirmation.
The apartments feature various layouts, with some ready to rent and others in need of renovation. The building offers access through an iron door, a renovated entrance hall, individual electric meters, independent heating, laminate flooring, and double-glazed windows in some units. With a north-south orientation and a central location close to amenities such as banks, restaurants, schools, hospitals, supermarkets, and public transportation (lines 181 and 182), this property represents an excellent investment opportunity.
The estimated monthly rental income from the currently leased units is approximately €4,000. As the property is under a single owner, there are no community fees. Property tax (IBI) is pending confirmation.
PROPERTY FACTS
| Price | $547,294 | Property Subtype | Apartment |
| Price Per Unit | $109,459 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Gross Rent Multiplier | 10.42 | Building Size | < 15,000 SF |
| No. Units | 5 | Year Built | 1970 - 1979 |
| Property Type | Multifamily |
| Price | $547,294 |
| Price Per Unit | $109,459 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.42 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | < 15,000 SF |
| Year Built | 1970 - 1979 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
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